Sparrow Partners has started construction on a 193-unit active-adult community in downtown Surprise, called Mera City Center.
The Austin, Texas-based company also plans to begin work on three more active-adult communities in the Phoenix area and will invest approximately $150 million across all four deals.
The second development, Mera Goodyear, will be a 188-unit community in Goodyear next to the planned 36-acre Centerscape mixed-use project.
Construction for that project is expected to begin in March.
